SEC Proposes Rules to Clarify Crypto Custody Framework
The US Securities and Exchange Commission (SEC) has proposed new rules to clarify how registered investment advisers and regulated funds hold crypto assets. The move comes after the CLARITY Act failed to advance, indicating a continued effort by regulators to establish a clearer framework for cryptocurrency custody.
The SEC aims to define how such assets are held under federal securities laws, potentially reducing regulatory uncertainty and supporting institutional adoption of crypto assets.
According to the proposal, the changes would address how crypto assets like Market Cap$ 2.95T-1.65%24h Spot Volume$ 51.96B+20.5%ETH are held under federal securities laws.
The proposals aim to create a clearer custody framework for crypto assets, which could have significant implications for the industry as a whole.